Sensex gains 454pts, Nifty reclaims 17,500; RIL up 6%, ITC, Infy end firm

Latent View Analytics was locked at the 20 per cent upper circuit for the second straight day. The stock has now zoomed 257 per cent from its issue price in just three trading sessions

Closing Bell

The key benchmark indices rallied smartly on Thursday led by strong gains in index heavyweight Reliance Industries. FMCG major ITC and IT stocks also supported the cause, while auto and financial shares lagged.

The BSE benchmark index, the Sensex, after testing a low of 58,144 rallied to a high of 58,902 in late noon deals. The Sensex finally ended 454 points higher at 58,795. Its counterpart, NSE Nifty 50 gained 121 points at 17,536.

"Markets lack decisiveness at the current levels and this may continue for time being. In case of any rebound, Nifty would